Wells Fargo & Co. (WFC)
Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
The second quarter of the 2024 earnings season has just kicked off, and the financial sector is again under the spotlight. Bank stocks are leading the pack in letting markets know how the economy is doing so far into the year's second half.
This Top Bank Stock Just Went on Sale -- Here's Why It's Worth a Closer Look Right Now
Wells Fargo's recent earnings disappointed investors, but there's a lot to like from a long-term perspective.
S&P 500 Gains and Losses Today: Wells Fargo Slips on Net Interest Income Miss
After briefly hitting the pause button on the market rally on Thursday, major U.S. equities indexes roared back on Friday.
Wells Fargo & Company (WFC) Q2 2024 Earnings Call Transcript
Wells Fargo & Company (NYSE:WFC ) Q2 2024 Earnings Conference Call July 12, 2024 10:00 AM ET Company Participants John Campbell - Director of IR Charlie Scharf - CEO Mike Santomassimo - CFO Conference Call Participants Ken Usdin - Jefferies John Pancari - Evercore ISI Ebrahim Poonawala - Bank of America Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Gerard Cassidy - RBC Capital Markets Steven Chubak - Wolfe Research Operator Welcome, and thank you for joining the Wells Fargo Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note that today's call is being recorded.
Wells Fargo Turns to Digital, AI as Inflation Batters Deposits
Banks today are caught between an ongoing digital shift and a challenging macro environment.
Why Wells Fargo Stock Is Falling Today
Wells Fargo beat top- and bottom-line estimates in the second quarter. But the bank sees no net interest income recovery in the near future.
Wells Fargo's (WFC) Q2 Earnings Beat on Higher Fee Income
The rise in non-interest income and lower provisions support Wells Fargo's (WFC) Q2 earnings while lower net interest income and a rise in expenses act as headwinds.
Wells Fargo (WFC) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for Wells Fargo (WFC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wells Fargo Stock Sinks as Q2 Net Interest Income Drags
Wells Fargo (WFC) shares sank Friday after the lender reported a slump in second-quarter net interest income that offset higher-than-forecast results.
Wells Fargo shares fall after net interest income misses estimates
Wells Fargo & Co (NYSE:WFC, ETR:NWT) shares dropped premarket after the bank reported lower-than-expected net interest income for Q2. Despite a net income of $4.9 billion and an earnings per share (EPS) of $1.33, exceeding analysts' expectations of $1.29, net interest income fell short at $11.92 billion compared to the estimated $12.12 billion.
Wells Fargo (WFC) Surpasses Q2 Earnings and Revenue Estimates
Wells Fargo (WFC) came out with quarterly earnings of $1.33 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.25 per share a year ago.
Wells Fargo shares tumble after net interest income falls short of estimates
The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-year decline.
